Fintech crypto company Payhound has collaborated with LSports, a data provider in the sports industry. The collaboration is made with the intention of streamlining payment processes for clients.

As such, LSports – known for offering real-time sports data to operators – aims to enhance its operational efficiency by leveraging Payhound's payment solution.

With Payhound's solution, LSports should now be able to conveniently receive payments from its clients, ensuring swift and secure transactions.

Founded in 2018, Payhound specialises in facilitating cryptocurrency transactions and aims to facilitate such transactions with the same ease and security as traditional fiat currency transactions.

With regard to this new partnership, a spokesperson for LSports commented: “Partnering with Payhound to optimise our payment solutions signifies a significant advancement in our global business strategy.

“This collaboration enables us to conduct transactions swiftly and securely, further bolstering our position as a premier data provider in the industry.”

Elton Dimech, Managing Director at Payhound, added: “We are delighted to service LSports.

“Through our platform, clients like LSports can easily receive payments, have such funds instantly converted into fiat, and as a result, greatly improve their operations and availability of funds.

“We look forward to continuing to be their reliable crypto partner in the future.”

Earlier this year, LSports also struck up a partnership with NuxGame – a deal that saw NuxGame clients gaining access to a wide range of LSports’ sports betting tools and products.